Government-Wide Financial Statements - PDF

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					Government-Wide
Financial Statements
The government-wide financial statements consiste of the State-
ment of Net Assets and the Statement of Activities.

These statements report all financial and capital resources of the
primary government as a whole, except for the fiduciary funds of
the primary government.

  The Statement of Net Assets displays “assets less liabilities equal
  net assets” format.

  The Statement of Activities presents governmental activities by
  function, at the level of detail required in the governmental fund
  statement of revenues, expenditures and changes in fund bal-
  ances.

The government-wide financial statements were prepared using
the economic resources measurement focus and the accrual basis
of accounting.




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                                                                                                       Schedule 1
                                     AUBURN SCHOOL DISTRICT NO. 408
                                        STATEMENT OF NET ASSETS
                                             August 31, 2008


                                                                                             Primary Government
                                                                                                Governmental
                                                                Note #
                                                                                                  Activities

ASSETS
Cash and Cash Equivalents                                    1.E.1 and 2                     $        40,611,998
Property Tax Receivable                                         1.E.2                                 23,691,034
Receivables, Net                                                1.E.3                                    322,319
Due from Other Governments                                      1.E.5                                  5,044,461
Inventories                                                     1.E.6                                    541,138

Capital Assets, not being depreciated
 Land                                                              4         $ 20,895,236
 Construction-in-progress                                          5            8,479,526
    Total capital assets, not being depreciated                                29,374,762
Capital Assets, being depreciated                                                       -
 Buildings & Improvements                                          4          258,688,932
 Equipment                                                         4           17,772,156
    Total capital assets, being depreciated                                   276,461,088
  Less accumulated depreciation                                    4          (84,816,060)
    Total capital assets, net of accumulated depreciation                     191,645,028
Capital assets, net of accumulated depreciation                                                      221,019,790

Unamortized Bond Issuance Costs                                  7.B                                     922,654
      TOTAL ASSETS                                                                                   292,153,394

LIABILITIES
Accounts Payable                                                                                       1,330,471
Accrued Wages & Benefits Payable                                                                       1,120,111
Due to Other Governments                                                                                 810,744
Accrued Interest                                                                                       1,423,396
Unearned Revenue                                                1.E.9                                    329,091
Long-Term Liabilities
  Due within one year                                            7.A                                  11,074,509
  Due in more than one year                                                                          112,852,715
       TOTAL LIABILITIES                                                                             128,941,037

NET ASSETS
Invested in capital assets, net of related debt                                                       98,712,271
Restricted for:
   Capital Projects                                                                                   25,864,041
   Debt Service                                                                                        8,484,345
   Student ASB Activities                                                                              1,193,537
   Acquisition of School Buses                                                                           293,250
   Other Items                                                                                         2,426,000
Unrestricted                                                                                          26,238,913
        TOTAL NET ASSETS                                                                     $       163,212,357

The notes to the basic financial statements are an integral part of this statement.


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                                           AUBURN SCHOOL DISTRICT NO. 408
                                              STATEMENT OF ACTIVITIES
                                             For the Year Ended August 31, 2008
                                                                                                                           Schedule 2




                                                                             PROGRAM REVENUES
                                                                                                                  NET (EXPENSE)
                                                                                                                  REVENUE AND
                                                                                                                 CHANGES IN NET
                                                                                                                     ASSETS
                                                                                                                    PRIMARY
                                                                                                                  GOVERNMENT
                                                                                   Operating    Capital Grants
                                                                 Charges for                                         Governmental
          Functions/Programs                     Expenses                          Grants and        and
                                                                  Service                                              Activities
                                                                                  Contributions Contributions
Primary Government:
Governmental Activities:
   Regular Instruction                       $     71,901,340 $ 802,432                            $   1,594,614 $       (69,504,294)
   Special Instruction                             12,288,601                          9,605,253               -          (2,683,348)
   Vocational Instruction                           6,578,187     785,169                113,585               -          (5,679,433)
   Compensatory Education                          12,459,201                         13,508,634               -           1,049,433
   Other Instructional Programs                       653,345       8,730                498,611               -            (146,004)
   Community Services                                 767,083     473,974                                      -            (293,109)
   Support Services                                15,569,387     171,459                                191,867         (15,206,061)
   Child Nutrition Services                         3,978,063   1,458,019              3,251,719               -             731,675
   Pupil Transportation Services                    6,526,189     128,045              2,703,744               -          (3,694,400)
   Extracurricular Activities (ASB)                 2,150,367   2,111,255                                      -             (39,112)
   Interest Expense on Long-Term Debt               5,702,085           -                      -               -          (5,702,085)
Total Governmental Activities                $    138,573,848 $ 5,939,083 $           29,681,546 $     1,786,481 $      (101,166,738)


                   General Revenues:
                       Taxes:
                          Property taxes, levies for educational programs                                                 22,095,935
                          Property taxes, levies for debt service                                                         14,753,202
                          Property taxes, levies for technology equipment                                                  2,739,257
                       Unallocated State Apportionment & Others                                                           69,364,051
                       Interest and Investment earnings                                                                      (39,833)

                    Total General Revenues and Special Items                                                             108,912,612

                    Changes in Net Assets                                                                                  7,745,874

                    Net Assets - Beginning                                                                               155,466,483

                    Net Assets - Ending                                                                          $       163,212,357


The notes to the basic financial statements are an integral part of this statement.




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